Oil

Oil rebounds on Trump threats on Russian crude buyers

Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after U.S. President Donald Trump's threats of tariffs on India over…

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BP says it makes biggest oil and gas find in 25 years

Energy giant BP says it has made its largest oil and gas discovery this century as it shifts its focus away from renewable energy and back to fossil fuels. The…

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Oil drifts lower on rising supply, concerns about demand

Oil prices drifted lower on Tuesday on oversupply concerns as OPEC+ moved ahead with another large output hike despite a weak demand outlook, more than offsetting the potential for tighter…

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Oil slips as OPEC+ proceeds with September output hike

Oil prices extended declines on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S., the world's biggest oil user,…

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Oil steadies as concerns about tariff impacts vie with Russian supply threats

Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may curtail economic…

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Oil steady as market weighs Trump tariff threats, surprise US stockbuild

Oil prices steadied on Thursday as investors weighed the risk of supply shortages amid U.S. President Donald Trump's push for a swift resolution to the war in Ukraine through more…

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Oil pauses rally as markets weigh Trump’s ultimatum to Russia

Oil prices took a breather in Asian trade on Wednesday after the previous session's spike of more than 3%, as investors awaited developments from U.S. President Donald Trump's tighter deadline…

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Oil rises as US-EU deal boosts trade optimism

Oil prices rose on Monday after the United States clinched a trade deal with the European Union and may extend a tariff pause with China, relieving concerns that higher levies…

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Oil gains as trade talk optimism offsets potential higher Venezuelan supply

Oil prices rose on Friday as trade talk optimism supported the outlook for both the global economy and oil demand, outweighing news of the potential for more oil supply from…

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Oil prices rise on US trade optimism, drop in crude inventories

Oil prices rose on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the global economy and a sharper-than-expected decline in U.S. crude inventories. Brent crude…

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Oil prices pause slide on US-Japan trade deal

Oil prices edged up in Asian trade on Wednesday after falling for three consecutive sessions as a U.S. trade deal, with Japan signalled progress on tariffs, though gains were capped…

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Oil falls as trade war concerns increase worries about fuel demand

Oil prices declined on Tuesday as concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand growth by lowering economic activity…

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Oil prices little changed as investors eye impact of new sanctions on Russia

Oil prices were little changed on Monday as traders assess the impact of new European sanctions on Russian oil supplies while they also worry about tariffs possibly weakening fuel demand…

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Oil prices little changed as Iraq outages clash with tariff worries

Oil prices were little changed on Friday after rising in the previous session as concerns drone attacks on northern Iraqi oil fields will cut supply vied with worries of potential…

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Oil rises as demand hopes and economic data lift sentiment

Oil prices rose in early trade on Thursday, reversing the previous session's losses, buoyed by stronger-than-expected economic data from the world’s top oil consumers and signs of easing trade tensions.…

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Oil prices gain on summer demand hopes despite wider economy woes

Oil prices rose on Wednesday, boosted by expectations of firm summer demand in the world's two largest consumers, the United States and China, though gains were capped by analysts' caution…

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Oil falls as Trump’s 50-day deadline for Russia eases supply fears

Oil prices fell on Tuesday after U.S. President Donald Trump's lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns. Brent crude futures…

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Oil edges up, investors eye Trump statement on Russia

Oil prices nudged higher on Monday, adding to gains of more than 2% from Friday, as investors eyed further U.S. sanctions on Russia that may affect global supplies, but a…

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Oil climbs on potential Russia sanctions; OPEC+ output, tariffs weigh

Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while…

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Oil slips as Trump’s tariffs cloud demand outlook

Oil prices eased on Thursday as the latest tariff announcements by U.S. President Donald Trump were perceived by market participants as a threat to global economic growth, however signs of…

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Oil prices ease from two-week highs

Oil prices edged down on Wednesday after rising to two-week highs in the previous session, as investors awaited new developments on U.S. tariffs amid expectations of rising crude inventories in…

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BP, Shell to study hydrocarbon potential at three Libyan oilfields

Oil Majors BP and Shell agreed with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said in a statement. Libya,…

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Oil eases as traders assess US tariffs, OPEC+ output hike

Oil prices retreated on Tuesday after rising almost 2% in the previous session as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August. Brent…

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Oil prices steady on solid job market, tariff uncertainty

Oil prices were little changed on Friday as a solid job market bolstered the case for the U.S. Federal Reserve keeping interest rates on hold, with investors also awaiting clarity…

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Oil falls on signs of weak US demand

Oil prices eased on Thursday, reversing gains from the previous session, on concerns over weak U.S. demand after government data showed a surprise build in inventories in the world's biggest…

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Oil prices little changed as expectations for OPEC+ increase weigh

Oil futures were little changed on Wednesday as markets weighed expectations from more supply from major producers next month, a softer U.S. dollar and a mixed bag of economic and…

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No injuries or pollution after explosion at oil tanker off Libya

A Greek-managed oil tanker carrying about 1 million barrels of crude oil suffered an explosion off Libya on June 27 but no injuries or pollution were reported, a spokesperson for…

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Oil falls on prospect of more OPEC+ supply, easing risks in Mideast

Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent…

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Oil set for weekly loss on fading Mideast supply risks

Oil was set to fall this week with the Iran-Israel ceasefire holding and easing concerns over Middle East supply risks, although prices rose on Friday as the summer driving season…

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Oil rises as draw in US crude stocks signals firm demand

Oil prices inched higher, extending gains from the previous day as a larger-than-expected draw in U.S. crude stocks signalled firm demand, while investors remained cautious about the Iran-Israel ceasefire and…

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Oil prices rise as investors assess Iran-Israel ceasefire

Oil prices climbed on Wednesday as investors assessed the stability of a ceasefire between Iran and Israel, but held near multi-week lows on the prospect that crude oil flows would…

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Oil tumbles to over one-week lows as Trump announces Israel-Iran ceasefire

Oil prices fell sharply to their lowest in more than a week on Tuesday as U.S. President Donald Trump said a ceasefire has been agreed between Iran and Israel, alleviating…

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Oil hits five-month high after US attacks key Iranian nuclear sites

Oil prices jumped on Monday to their highest since January as the United States' weekend move to join Israel in attacking Iran's nuclear facilities stoked supply worries. Brent crude futures…

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Brent futures down nearly $2 after U.S. delays decision on direct Iran involvement

Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but…

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Ships advised to keep their distance from Iran around Hormuz Strait

Commercial ships are sailing close to Oman and are being advised by maritime agencies to avoid Iran's waters around the Strait of Hormuz, with the risk of the conflict between…

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Oil falls as investors weigh chance of US intervention in Iran-Israel conflict

Oil prices slipped on Thursday as investors hesitated to take new positions after U.S. President Donald Trump gave mixed signals on the country's potential involvement in the ongoing Israel-Iran conflict.…

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World oil demand to keep growing this decade despite 2027 China peak, IEA says

Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in…

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Oil prices volatile as Israel-Iran conflict ramps up

Oil prices were volatile on Monday, after surging 7% on Friday, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the…

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Oil soars more than 9% after Israel strikes Iran

Oil prices surged more than 9% on Friday, hitting their highest in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about…

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Oil prices tick up on worries of escalating US-Iran tension

Oil prices edged higher on Thursday to their highest in more than two months, after U.S. President Donald Trump said U.S. personnel were being moved out of the Middle East,…

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Oil prices soften as markets assess US-China trade talks outcome

Oil prices softened in Asian trade on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from…

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Oil up as market watches US-China trade talks

Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand. Brent crude futures rose…

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Oil prices hold

Oil prices held on to last week's gains early on Monday as investors waited for U.S.-China trade talks to be held in London later in the day. Brent crude futures…

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Oil prices headed for rebound this week as US-China trade talks resume

Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and Chinese leader Xi Jinping resumed trade talks,…

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Oil slips on US stockpile build, Saudi Arabia price cuts

Oil prices slipped in early trade on Thursday after a build in U.S. gasoline and diesel inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Brent…

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Oil slips on rising OPEC+ output, despite Canadian supply concerns

Oil prices slipped in Asian trade on Wednesday, weighed down by concerns of increasing OPEC+ output and tariff tension that threatens the global economic outlook, though worries about Canadian supply…

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Oil rises on Iran, Russia and Canada supply concerns

Oil prices rose in early Asia trade on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions…

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Oil jumps after OPEC+ sticks to same output hike in July versus June

Oil prices rebounded more than $1 a barrel on Monday after producer group OPEC+ decided to increase output in July by the same amount as it did in each of…

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Oil prices set for weekly drop with tariff legal battles

Oil prices were on track to end the week down more than 1% on Friday amid whipsawing tariff rulings in the U.S. and as the market braced for a potential…

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Libya’s eastern-based government says it may announce force majeure on oil fields, ports

Libya's eastern-based government said it may announce a force majeure on oil fields and ports citing "repeated assaults on the National Oil Corporation (NOC)." The government in Benghazi is not…

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Oil prices climb as US court blocks Trump tariffs

Oil prices rose on Thursday after a U.S. court blocked most of President Donald Trump's tariffs from taking effect, while the market was watching out for potential new U.S. sanctions…

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Oil rises on Venezuelan supply risks but OPEC+ output caps gains

Oil prices inched up on Wednesday as investors considered supply risks after the U.S. barred Chevron from exporting crude from Venezuela under a new asset authorisation, though expectations of more…

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Oil falls on stronger US dollar

Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output. Brent futures fell 37 cents to…

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Oil prices ease on surprise builds in US inventories

Oil prices eased on Thursday as unexpected builds in U.S. crude and fuel inventories raised demand concerns, while investors stayed cautious, focusing on renewed Iran-U.S. nuclear talks. Brent futures slipped…

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Oil gains as reports Israel may attack Iran raise supply worries

Oil prices jumped more than 1% on Wednesday after reports Israel is preparing a strike on Iranian nuclear facilities, raising fears that a conflict could upset supply availability in the…

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Oil prices little changed as markets weigh impact of US-Iran talks, demand

Oil prices barely moved on Tuesday as traders weighed the impact on supply from a possible breakdown in U.S.-Iran talks on Tehran's nuclear programme, strong front-month physical demand in Asia…

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Oil little changed as investors eye Iran-US talks, China data

Oil prices were little changed on Monday with investors eyeing the outcome of Iran-U.S. nuclear talks and key economic data due from China to assess the impact on its commodities…

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